General News
Nigeria Loses over N150bn to Foreigners in Maritime Sector
Dr. Shamsudeen Dosunmu, director general, Nigerian Maritime Administration and Safety Agency (Nimasa) has said that Nigeria lost over N150 billion to foreign seafarers operating in the nation’s maritime sector.
He said that over 70 percent of seafarers operating in Nigeria are foreigners, and that there are about 3,000 vessels operating within the coastal and inland shipping of the sector of the sabotage law which requires vessels to be built.
Dosunmu disclosed this during a paper presentation on ‘Local Content policy in the maritime sector’ organized by the Petroleum Technology Development Fund (PTDF) in Abuja and noted that about 50,000 vacancies exist in the seafarer’s job on various vessels operating in Nigeria including coastal and in-land operations.
The Nimasa boss also unveiled the agency’s plan to collaborate with all the 36 state government in the bid to train about 10,000 seafarers in the next ten years.
Under the arrangement, each state government is to sponsor 35 persons and pay about 60 percent of the scholarships to be provided under the scheme.
He said: “we hope to train 1,000 seafarers annually for the next five years and if sustained in the next 10 years, a vibrant pool of 10,000 officers would be developed, because there are over fifty thousand jobs in the maritime sector yet to be occupied but Nigerians are not competent.”
According to him, for Nigerians to become world class seafarers, they have to undergo a nine year training scheme which includes four years at the higher institution, eighteen months at sea dogging practices and another two years to do competency examinations, which qualifies them for ready employment. “Without the presence of the maritime sector to move them to areas of need, value is not created”.
He explained that Nigeria has only one maritime academy while other countries like Philippines with a population of over 80 million people has over forty academies, with China having 76 academics as at 2006.
Muttaqua Dama, executive secretary of the PTDF assured that, PTDT would collaborate with Nimasa in the area of education; training and helping seafarers get employed, because both Nimasa and PTDF share the same vision and mission especially in the area of capacity building.
According to him, we spend over 25,000 pounds on each Masters Student and 75,000 pounds on PhD students, after spending these amounts per student it is disheartening that they are not employed. What then is the essence of the scholarship and training? The regulators must ensure that those trained by the PTDF are employed in the oil and gas industry.
He also said that over 5,000 applications were received for this year’s scholarship but only 50 passed the exams, and the Fund has decided to upgrade eight departments in eight different universities in the country and shall increase hopefully to about twenty.
General News
World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

World Bank has restricted comments on its Instagram page after thousands of Nigerians flooded the platform begging them to stop lending money to Nigeria.

The protest erupted after reports that President Bola Ahmed Tinubu is seeking a fresh $1.25 billion dollar loan for approval on June 26.
Some Nigerians asked the World Bank to provide more details about the purpose of the loan and how the funds would be managed.
Others said the country should reduce dependence on foreign loans and focus on improving local revenue.
The federal government has continued to defend its borrowing plans.
Officials say the funds will support economic reforms, development projects and efforts to strengthen the economy.
Nigeria remains one of the major borrowers from the World Bank in Africa, with different administrations securing loans over the years for infrastructure, social programmes and economic support.
General News
Lagos Plans New Cybersecurity Centre

The Lagos State Government plans to establish a Cybersecurity Operations Centre to strengthen protection of government systems, digital services and citizen data amid rising cyber threats linked to the city’s expanding digital economy.

Tunbosun Alake, Lagos commissioner for innovation, science and technology, said the centre would help secure the infrastructure supporting online payments, e-government services, cloud platforms and technology-driven business operations across the state.
According to Alake, the facility will monitor, detect and respond to cyber threats targeting government networks, digital transactions and sensitive public data.
The move comes as Lagos accelerates its smart city agenda through investments in broadband infrastructure, digital identity systems and automated public services.
Alake said Lagos had already deployed 109 Data Protection Officers across Ministries, Departments and Agencies, which he described as the highest number among Nigerian states, to strengthen compliance with data protection regulations.
Alongside the proposed cybersecurity centre, the state also launched the Lagos Campus Network Upgrade project aimed at improving digital infrastructure within the public sector.
The upgrade is expected to improve network performance, automate internal government processes and enhance digital engagement with residents. The cybersecurity initiative follows the release of Lagos State’s cybersecurity guidelines in April.
The framework recommends measures including multi-factor authentication, vulnerability testing, encrypted backups and tighter endpoint security controls.
The guidelines align with Nigeria’s Cybercrime Act 2024, the Nigeria Data Protection Act 2023 and the National Cybersecurity Policy and Strategy 2021.
General News
LG Electronics Strengthens Household Energy Efficiency in Nigeria with Advanced Inverter Refrigerator Solutions

LG Electronics (LG) is reinforcing its commitment to smarter and more energy‑efficient living by spotlighting its range of inverter‑powered refrigerators designed to meet the evolving needs of Nigerian households.

As electricity costs continue to rise and inflationary pressures shape consumer spending, LG’s refrigerator portfolio is positioned as a practical solution that combines dependable performance with responsible energy consumption.
Refrigerators are among the most frequently used appliances in Nigerian homes, operating 24 hours a day and accounting for a significant share of household electricity usage. LG addresses this challenge through its proprietary Inverter Compressor technology, which intelligently adjusts cooling power based on actual usage conditions.
By reducing unnecessary energy draw, the system delivers stable temperature control while helping households lower energy consumption and manage monthly utility costs more effectively.
Beyond energy savings, LG refrigerators are designed to support food security and reduce waste, an increasingly important consideration for families navigating rising food prices. The inverter system enables faster cooling recovery after power interruptions and helps maintain consistent internal temperatures, preserving food freshness for longer periods. With fewer friction points in the compressor design, LG refrigerators also offer enhanced durability and long‑term reliability, minimizing maintenance costs over time.
LG’s energy‑saving refrigerator lineup includes Top Mount, Side‑by‑Side, and Door‑in‑Door models, each tailored to different household sizes, storage needs, and lifestyle preferences. The Top Mount refrigerators offer practical, space‑efficient designs ideal for everyday family use, delivering reliable cooling with optimized energy efficiency.
The LG GN-F452PFAQ model keeps food perfectly fresh with FRESH Converter+ that optimizes temperature as per food items and never runs out of ice with the Auto Ice Maker.
For households that require larger storage capacity and improved organization, Side‑by‑Side models provide generous interior space, improved visibility, and consistent cooling across compartments.
For more design‑conscious consumers, LG’s Door‑in‑Door refrigerators reduce cold air loss by allowing quick access to frequently used items, supporting both energy efficiency and long‑lasting freshness.
At the premium end, LG continues to innovate with advanced models such as the MoodUP™ refrigerator, which combines customizable aesthetics with functional energy‑saving features like the InstaView panel, allowing users to view contents without opening the door and reducing unnecessary cold air loss. This refrigerator comes with a washing machine as a bundle promotion.
According to LG, this range‑based approach reflects a deep understanding of how Nigerian households differ in size, consumption habits, and lifestyle needs.
“Nigerian consumers are becoming more intentional about how they use energy and manage household costs,” said Mr. Oktai Kim, General Manager, Home Appliance Solutions, LG Electronics Nigeria. “By offering a diverse range of inverter‑powered refrigerators, we are giving families the flexibility to choose solutions that suit their homes while delivering long‑term value through energy efficiency and dependable performance.”
Rather than focusing on technology alone, LG’s energy‑saving refrigerator portfolio emphasizes everyday benefits, efficient operation, reliable cooling, and designs that adapt to real living conditions. Available nationwide, LG refrigerators continue to support smarter living and economic resilience, reinforcing the company’s commitment to delivering durable, consumer‑focused home solutions for Nigerian households.
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